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Nov 29, 2012
11/12
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they met with president obama to discuss the fiscal cliff. the president is putting pressure on republicans to keep middle class americans from falling off the fiscal cliff at the end of the year. but republicans are resisting any move that could end up raising taxes on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than $250,000. >> reporter: house speaker john boehner says no. once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically
they met with president obama to discuss the fiscal cliff. the president is putting pressure on republicans to keep middle class americans from falling off the fiscal cliff at the end of the year. but republicans are resisting any move that could end up raising taxes on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98%...
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Nov 30, 2012
11/12
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now president obama taking his pitch out on the road talking directly to americans about tax increases and about spending cuts. later on this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex. the toys there. the president says the middle class will not be able to support companies like this one without a deal to avoid that fiscal cliff. >> demand is going to go away because all of a sudden you're going to have two, three, $4,000 a year coming out of people's paychecks. >> just yesterday house speaker john boehner calling the massive tax increases and spending cuts scheduled for january 1st a real possibility, but many washington insiders say yes, a deal is still doable. keep hope alive. >> keep hope alive for a break in the rain this morning. it is coming down out there and flash flood warnings in effect. >> yeah, that's nothing to mess with. driving conditions right in the heart of when everybody is trying to get to work. we have heavy rain over parts of the bay area. even though you may not have been awakened
now president obama taking his pitch out on the road talking directly to americans about tax increases and about spending cuts. later on this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex. the toys there. the president says the middle class will not be able to support companies like this one without a deal to avoid that fiscal cliff. >> demand is going to go away because all of a sudden you're going to have two,...
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Nov 30, 2012
11/12
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. >>> president obama and u.s. lawmakers are no closer to avoiding the fiscal cliff, according to house speaker john boehner. each party blame the other for failing to outline considerable spending cuts. president obama sent vice president joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a huge crowd, as you can see. his favorite part like many who go to costco, try out the free samples. he spoke about the importance of renewing the tax cuts. >> so i think it is important that coming act now. i mean, right now. all it has to do is take a single vote to extend the middle class tax cuts. >> reporter: biden bought cookies, children's books and apple pie, and a 32-inch flat screen tv. he decline an offer to buy a set of tires saying i don't drive anymore. envelop the president had a notable lunch guest at the white house today
. >>> president obama and u.s. lawmakers are no closer to avoiding the fiscal cliff, according to house speaker john boehner. each party blame the other for failing to outline considerable spending cuts. president obama sent vice president joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a...
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Nov 30, 2012
11/12
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coming up at 11:00, president obama briefs the nation on the ongoing fiscal cliff negotiations. we will hear from the commander in chief. >>> we will let you know why the picture of the new york city police officer and the homeless man has gone viral on the worldwide web. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. it's the fastest internet for the price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into a private wi-fi hot spot that connects your wi-fi devices and can even save on your smart phone data usage at home. so call now to get at&t u-verse high speed internet for just $14.95 a month for 12 months with a one-year price guarantee. that includes access on
coming up at 11:00, president obama briefs the nation on the ongoing fiscal cliff negotiations. we will hear from the commander in chief. >>> we will let you know why the picture of the new york city police officer and the homeless man has gone viral on the worldwide web. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options,...
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Nov 30, 2012
11/12
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now president obama taking his pitch out on the road talking directly to americans about tax increases and about spending cuts. later on this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex toys. the president says the middle class won't support companies like this without avoiding the fiscal cliff. >> demand is going to go away because all of a sudden you'll have $2,000 coming out of people's paychecks. >> john boehner calling the massive increases and spending cuts scheduled for january 1st a real possibility, but many washington insiders say a deal is still doable. >>> 4:45. so how is wall street reacting to all the uncertainty? for more on that, we turn to bertha coombs live at cnbc world headquarters. good morning, bertha. >> reporter: hey, good morning. yeah, you know, wall street basically reacts to those headlin headlines. that's what's moving us these days. we had a fairly choppy session on thursday because of it. the markets rose and fell, as you heard from democrats and republicans. they started sayi
now president obama taking his pitch out on the road talking directly to americans about tax increases and about spending cuts. later on this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex toys. the president says the middle class won't support companies like this without avoiding the fiscal cliff. >> demand is going to go away because all of a sudden you'll have $2,000 coming out of people's paychecks. >>...
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Nov 30, 2012
11/12
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president obama now taking his pitch out on the road to pitch those tax increases and spending cuts to the americans. later this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex toys. the president says the middle class just won't be able to support companies like this without some deal in place to avoid the cliff. >> demand is going to go away because all of a sudden you'll have two, three, $4,000 a year coming out of people's paychecks. >> just yesterday house speaker john boehner called the massive tax increases and spending cuts scheduled for january 1st a real possibility at this point, but we're hearing a lot of washington insiders still believe a deal is doable. >>> 6:17. now a story you'll only see on nbc bay area. the san jose skyline could look a lot different if the city can get clearance from the faa. city leaders say they want taller buildings up to 40 stories high but since downtown is in the flight path of the san jose international airport, there are height restrictions, and they say that is cost
president obama now taking his pitch out on the road to pitch those tax increases and spending cuts to the americans. later this afternoon, he'll walk the assembly line of this manufacturing company just outside of philadelphia. its main product, k'nex toys. the president says the middle class just won't be able to support companies like this without some deal in place to avoid the cliff. >> demand is going to go away because all of a sudden you'll have two, three, $4,000 a year coming...
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Dec 7, 2012
12/12
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. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives awe sense of the costs involved in very personal terms. >> now, from the republican perspective they say they would like to close some loopholes and eliminate tax breaks but they insist that the bush-era tax cuts must be extended for all americans. >>> new at 11:00, president obama on the phone with the president of egypt, pressing him about protests that have now turned deadly. here's the scene in cairo. at least six people dead, hundreds more injured. the trouble all started when morrisey granted himself broad new powers. hat grown worse after he put in plac
. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and...
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Nov 29, 2012
11/12
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yesterday investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those positive comments. meantime small businesses hit it big on cyber monday. digital research firm big commerce says a surge in orders drove overall revenue for small chains and mom and pop stores up 25% over last year's cyber monday. the average order price was 8% higher. online shoppers bought so much stuff, local retailers were averaging about two orders per second. that's four times the normal daily rate. >>> you know, it seems as though every single day during the holiday season has its own title. small business saturday, cyber monday, now it's cyber week. i'm wondering if every day between now and
yesterday investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those...
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Nov 29, 2012
11/12
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she is trying to avoid the fiscal cliff. and she told a reporter, quote the baby has been way easier than everybody made it out to be. 37-year-old added she had an easy pregnancy and two-year-old son has been easy. she is very clear on her priorities, god, family and yahoo in that order. in the five months she has been in charge and yahoo took has hit 52 week highs. >> as we continue. search for robbers in a outrageous jewelry heist. we hope the video will help track them down. a helicopter flight and experimental technology for medical transplants. medical transplants. a when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >> dan: good evening. for the second time a school employee is being credited for saving lives in a burning vehicle. david louie has the story. >> reporter: two wo
she is trying to avoid the fiscal cliff. and she told a reporter, quote the baby has been way easier than everybody made it out to be. 37-year-old added she had an easy pregnancy and two-year-old son has been easy. she is very clear on her priorities, god, family and yahoo in that order. in the five months she has been in charge and yahoo took has hit 52 week highs. >> as we continue. search for robbers in a outrageous jewelry heist. we hope the video will help track them down. a...
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Dec 3, 2012
12/12
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KRON
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there 28 days into the fiscal cliff. if the combination of automatic tax increases, as spending cuts that will kick in if congress does not act. if president obama and republicans appear to be playing a game of political chicken. if the president put out a proposal for 1.6 trillion and higher taxes over the next 10 years. he is also proposing 600 billion in spending cuts and 200 billion in new spending to stimulate the economy. house speaker and republican leader john bonner says that the president's plan is in serious. treasury secretary tim geithner is criticizing republicans say that they have no plan. as of right now. we are nowhere on the fiscal cliff. >> 3 you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going t
there 28 days into the fiscal cliff. if the combination of automatic tax increases, as spending cuts that will kick in if congress does not act. if president obama and republicans appear to be playing a game of political chicken. if the president put out a proposal for 1.6 trillion and higher taxes over the next 10 years. he is also proposing 600 billion in spending cuts and 200 billion in new spending to stimulate the economy. house speaker and republican leader john bonner says that the...
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Dec 6, 2012
12/12
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. >>> the fiscal cliff countdown clock keeps on ticking tonight with no deal in place. just 25 days remain until the country could be pushed over the edge. today in northern virginia president obama visited a middle class falls church family. he says people like the centanas could be hit hardest if congress doesn't extend middle class tax cuts. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> the president proposed a plan that members of his own party won't even vote for. >> now the president does want tax rates to go up on the wealthiest americans. republicans are standing behind their counteroffer to close tax loopholes and limit some deductions instead. they say the president needs to deliver a new plan that congress can pass. >>> let's take live look right now. this is the ellipse where we are just moment as way from the lighting of the national -- moments away from the lighting of the national christmas tree. erica grow has been
. >>> the fiscal cliff countdown clock keeps on ticking tonight with no deal in place. just 25 days remain until the country could be pushed over the edge. today in northern virginia president obama visited a middle class falls church family. he says people like the centanas could be hit hardest if congress doesn't extend middle class tax cuts. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense...
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Nov 29, 2012
11/12
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. >>> well, president obama says he hopes to have a deal to avoid the fiscal cliff by christmas. invest fors apparently shared his optimism and stocks closed higher. congress must reach a compromise on the deficit reduction plan by the end of the year. otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their final debate. the meeting will be private. no aids and no media. >>> armed with guns and sledgehammers, the daring bay area jewelry heist that took 75 seconds to pull off. >>> well, that and $7 will get you a cup of coffee. what's so special about starbucks' new brew? >>> a $580 million jackpot is up for grabs tonight. now california wants in on the action. how soon until you can play powerball? ,, sledgehammers, hit a bay ara jewelry store. it happened in los gatos. c5 reporter kiet >>> they were in and out in a flash. two thieves waving guns and sledgehammers hit a bay area jewelry store. it happened in lo
. >>> well, president obama says he hopes to have a deal to avoid the fiscal cliff by christmas. invest fors apparently shared his optimism and stocks closed higher. congress must reach a compromise on the deficit reduction plan by the end of the year. otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their...
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Dec 1, 2012
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>>pam: president obama is taking his fight over the fiscal cliff to the public... and he sounds like he is back on the campaign trail.. and once again - he and house speaker john boehner... do 'not' sound close to a deal. heenan explains. >> president obama took his case on the road.... visiting a toy factory in pennsylvania... where he told an audience that failing to extend tax cuts for the middle class would mean a 'scrooge christmas' for millions.. >> if congress does nothing, the taxes will go up for every family. on january 1st. i am assuming that is not a sound too good to you. >> we now know that when the treasury secretary presented the latest white proposal on avoiding the fiscal cliff to house speaker john boehner thursday --house speaker john boehner says that the idea of boosting revenue by 1.6 trillion over the next decade would be a 'crippling blow' to the economy. >> ".we're at a stalemate.. .let's face it...." >> "vhope that's a figure of speech. shouldn't be talking about a stalemate." we should not even think of that term of a stalemate. >>cather
>>pam: president obama is taking his fight over the fiscal cliff to the public... and he sounds like he is back on the campaign trail.. and once again - he and house speaker john boehner... do 'not' sound close to a deal. heenan explains. >> president obama took his case on the road.... visiting a toy factory in pennsylvania... where he told an audience that failing to extend tax cuts for the middle class would mean a 'scrooge christmas' for millions.. >> if congress does...
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Dec 4, 2012
12/12
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. >> republicans offered their counterproposal to avoid the fiscal cliff. they valued the plan at $2.2 trillion with 800 billion from tax reform and the rest in cuts to government problems. last week president obama offered a plan that relied on tax increases that would total $1.6 trillion. the republican plan does not include something the president said is essential, income tax hikes on those making more than $250,000. >>> stocks edged lower on fears the threat from the fiscal cliff might put a damper on the economy. the dow is down 59 to 12,965. the nasdaq is down 8 at 3,002. the s&p is down 6 at 1,409. coming up at 5:45 p.m., car sales reach a level they haven't seen in years. plus the potential impact the fiscal cliff could have. >>> mitt romney is back at his old job. he is rejoining the board at mareiate international -- marriott international. they have a long standing friend ship. >>> coming up, we have shown you this sink hole developing, what they are doing get things back to order in this neighborhood. >> a nice break today. the rainfall ending,
. >> republicans offered their counterproposal to avoid the fiscal cliff. they valued the plan at $2.2 trillion with 800 billion from tax reform and the rest in cuts to government problems. last week president obama offered a plan that relied on tax increases that would total $1.6 trillion. the republican plan does not include something the president said is essential, income tax hikes on those making more than $250,000. >>> stocks edged lower on fears the threat from the fiscal...
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Nov 29, 2012
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a solution in fiscal cliff negotiations.. and stressed that taxes on the middle class should not go up.. he also commended the leadership shown by governors in the northeast during superstorm sandy. the president however, couldn't escape the firestorm of criticsim over embattled u-s u-n ambassador susan rice. he showed his support when answering a reporters question. >> susan rice is extraordinary. couldn't be prouder of the (applause) >>pam: rice is considered a top candidate to replace secretary of state hillary clinton... but she has been accused by republicans of misleading americans about what prompted the deadly september 11th attack on the u-s consulate in libya. this wild scene broke out in a milwaukee courthouse today.. after a driver was sentenced to prison for hitting and killing a boy. 23-year-old dedrick ashford received a year behind bars and one year probation for the fatal crash. the victim's family members became upset after the sentence came down.. and started brawling with ashford's relatives. as many as tw
a solution in fiscal cliff negotiations.. and stressed that taxes on the middle class should not go up.. he also commended the leadership shown by governors in the northeast during superstorm sandy. the president however, couldn't escape the firestorm of criticsim over embattled u-s u-n ambassador susan rice. he showed his support when answering a reporters question. >> susan rice is extraordinary. couldn't be prouder of the (applause) >>pam: rice is considered a top candidate to...
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Dec 5, 2012
12/12
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. >> with about four weeks to go before that fiscal cliff... of tax hikes and spending cuts gets triggered, negotiations still appear to be at a standstill, president obama told bloomberg news, the latest plan put forth by house speaker john boehner, simply does not add up. republicans have been equally dismissive of the last proposal from the president. tax rates on the wealthy remain the key sticking point between both sides. after a white house meeting tuesday, a bi- partisan group of governors expressed hope that an agreement will be reached soon. experts forecast economic turmoil in january, if a deal is not reached. >> john boehner took a break from the negotiations to help light of the christmas tree. eagle scout, from colorado springs helped out and there is. the crowd in cheers and the u.s. air force played " a christmas tree " and other holiday classics. this is a spruce tree from call rental white river national forest. it has 10,000 lights, ornaments and will be let in each night until the day after christmas. >> we are going to tak
. >> with about four weeks to go before that fiscal cliff... of tax hikes and spending cuts gets triggered, negotiations still appear to be at a standstill, president obama told bloomberg news, the latest plan put forth by house speaker john boehner, simply does not add up. republicans have been equally dismissive of the last proposal from the president. tax rates on the wealthy remain the key sticking point between both sides. after a white house meeting tuesday, a bi- partisan group of...
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. >> reporter: meanwhile with the so-called fiscal cliff looming, president obama sends his chief negotiator, tim geithner, to capitol hill today for individual meetings with each member of the congressional leadership, including speaker boehner. wednesday, mr. obama brought back a campaign atmosphere, surrounding himself with what he called average middle class families to ramp-up pressure on republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for those making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets set to change up
. >> reporter: meanwhile with the so-called fiscal cliff looming, president obama sends his chief negotiator, tim geithner, to capitol hill today for individual meetings with each member of the congressional leadership, including speaker boehner. wednesday, mr. obama brought back a campaign atmosphere, surrounding himself with what he called average middle class families to ramp-up pressure on republicans. >> if congress does nothing, every family in america will see their taxes...
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Nov 30, 2012
11/12
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. >>> to washington for the battle to avoid the fiscal cliff heating up. president obama hitting the road in moments to pressure lawmakers to strike a deal. kristen welker is at the white house this morning. good morning. >> reporter: president obama travels to hatfield, pennsylvania, where he will turn up pressure with republicans to increase taxes on wealthier americans, after a show of bipartisanship. the president inviting mitt romney to the white house on thursday. with washington deadlocked, president obama reached out to his former rival, inviting mitt romney to lunch at the white house, aiming to put past differences to rest. >> i think that he's very interested in some of governor romney's ideas. >> reporter: romney arrived shortly after noon thursday. white house officials revealed few details about the lunch, saying only they ate white turkey chili, and the meeting lasted more than an hour, with governor romney congratulating the president on re-election. in the sole picture released by the white house, you can see the dining room where the men
. >>> to washington for the battle to avoid the fiscal cliff heating up. president obama hitting the road in moments to pressure lawmakers to strike a deal. kristen welker is at the white house this morning. good morning. >> reporter: president obama travels to hatfield, pennsylvania, where he will turn up pressure with republicans to increase taxes on wealthier americans, after a show of bipartisanship. the president inviting mitt romney to the white house on thursday. with...
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Nov 29, 2012
11/12
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danielle nottingham on how the president is holding their feet to the fire. >> reporter: president obama is enlisting middle class americans to pressure congress to back away from the "fiscal cliff." >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: he will take his case on the road friday and is asking the public to join a twitter campaign calling on lawmakers to renew tax cuts for families making less than $250,000 a year without delay. >> he is campaigning for his position. i get it. we understand it. but at the end of the day he has to lead on this issue. >> reporter: while congressional leaders meet behind closed doors, some of the biggest names in corporate america are here on capitol hill meeting with lawmakers pushing for solutions. former tennessee governor phil bredesen told lawmakers everything needs to be on the table. >> i think there's a broad recognition it has to be both revenue and serious work on entitlements to make it happen. >> reporter: taxes are still the main sticking point. while president obama wants tax cuts to expire
danielle nottingham on how the president is holding their feet to the fire. >> reporter: president obama is enlisting middle class americans to pressure congress to back away from the "fiscal cliff." >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: he will take his case on the road friday and is asking the public to join a twitter campaign calling on lawmakers to renew tax cuts for families making less than $250,000 a year...
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Dec 5, 2012
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president obama hit with some tough questions surrounding the fiscal cliff negotiations. and it all surrounds talks boener... or lack there of! news. >> the president and lawmakers have only 28 days now.. to make some kind of deal before the country hits the so-called fiscal cliff. president obama says, there isn't enough time to do a comprehensive deal including tax reform and fixing medicare. so he wants congress to do a down payment by raising tax rates for the wealthy "now"... and putting off the hard work until next year. but, as jessica yellin reports, he has to win over the republicans to make that happen. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> "unfortunately, the speaker's proposal right now is still out of balance he talks, for example, about a 800 billion dollars billion worth of revenues, but he says he will do that by lowering rates. when you look at the math, it doesand he won't agree to eliminate a tax dedication >> "every hospital and university and not for profit agency across the themselves on the verge
president obama hit with some tough questions surrounding the fiscal cliff negotiations. and it all surrounds talks boener... or lack there of! news. >> the president and lawmakers have only 28 days now.. to make some kind of deal before the country hits the so-called fiscal cliff. president obama says, there isn't enough time to do a comprehensive deal including tax reform and fixing medicare. so he wants congress to do a down payment by raising tax rates for the wealthy...
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Nov 30, 2012
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. >>> president obama hopes to generate support for his plan to avoid the "fiscal cliff" during an appearance today at a pennsylvania toy factory. on capitol hill, treasury secretary timothy geithner pitched the president's plan to congress yesterday. it includes 1.6 trillion in new tax revenue and $400 billion in cuts to entitlement programs but it doesn't look like geithner's visit did much good. >> the democrats have yet to get serious about real spending cuts. >> we are waiting for some specifics, somewhere, from our republican colleagues to show that they are serious on negotiations. >> if a compromise is not reached by year's end, automatic tax hikes and across- the-board budget cuts would take effect. >>> 6:09 on your friday now. the car of the year is going up in price. plus, could this be the mystery multimillionaire? take a look. new video of the possible winner of the record powerball jackpot. >> and a messy morning out there. we're on the stormwatch as we go to break with a look at our hi-def doppler all covered in green and yellow. an update on the storm when we come back. ,,,,,,
. >>> president obama hopes to generate support for his plan to avoid the "fiscal cliff" during an appearance today at a pennsylvania toy factory. on capitol hill, treasury secretary timothy geithner pitched the president's plan to congress yesterday. it includes 1.6 trillion in new tax revenue and $400 billion in cuts to entitlement programs but it doesn't look like geithner's visit did much good. >> the democrats have yet to get serious about real spending cuts....
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Dec 3, 2012
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. >>> to our continuing coverage of the fiscal cliff. treasure secretary got blunt today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would
. >>> to our continuing coverage of the fiscal cliff. treasure secretary got blunt today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all...
269
269
Dec 3, 2012
12/12
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KRON
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president obama this is a plain political chicken right now. he is proposing that 600 billion in spending cuts and 200 building and is spending to stimulate county the economy. this say that republicans do not have a plan right now so we are in limbo until congress acts. hopefully the two weeks will get together and get through their talks. >> three firefighters were involved in a net accident and weather-related they were on the shoulder of the highway when a car slammed into the side of the fire engine. three firefighters were hurt and the driver of the car that was involved in the original accident on the side of the road was hurt as well from the second car. here are photos of the firefighters and there in the hospital. two of the needed surgery but three of them all three are expected to survive. this 737 and a live look outside and san jose and traffic is moving slowly working its way. there is lots of sunshine. >> san jose has marked its 43rd homicide of the year. the most recent was a 70 year-old boy who was gunned down on a residential
president obama this is a plain political chicken right now. he is proposing that 600 billion in spending cuts and 200 building and is spending to stimulate county the economy. this say that republicans do not have a plan right now so we are in limbo until congress acts. hopefully the two weeks will get together and get through their talks. >> three firefighters were involved in a net accident and weather-related they were on the shoulder of the highway when a car slammed into the side of...
120
120
Nov 30, 2012
11/12
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FBC
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president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the p
president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what...
191
191
Nov 29, 2012
11/12
by
KRON
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president obama says the people need to be part of the fiscal cliff debate. and today, he's taking his message on the road. >> i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> but republican lawmakers, question the president's decision to leave washington. >> in other words rather than sitting down with lawmakers of both parties and working out an agreement he is back on the campaign trail presumably with the same old talking points that we are all quite familiar with. >> mister obama assured the public he is doing his part. also sitting down with the c-e-o's and labor >> i am ready and able and willing and excited to go ahead and get this issue resolved in a bipartisan fashion so that american families and american businesses have some year. >> house speaker john boehner -- also remaining positive. >> republicans are committed t0continuing to work with the president to come to an agreement to avert the so- called fiscal cliff, it's one reason why we believe we p
president obama says the people need to be part of the fiscal cliff debate. and today, he's taking his message on the road. >> i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> but republican lawmakers, question the president's decision to leave washington. >> in other words rather than sitting down with lawmakers of both parties and working out an agreement he is back on the...